In the Financial Services and Markets Act 2000 (Carrying on Regulated Activities by Way of Business) Order 2001 [S.I. 2001/1177; article 3A was inserted by S.I. 2003/1475.] after article 3A (arranging and advising on regulated mortgage contracts) insert -

"Arranging and advising on regulated home reversion plans

3B. A person is not to be regarded as carrying on by way of business an activity specified by -

(a) article 25B of the Regulated Activities Order (arranging regulated home reversion plans);

(b) article 53B of that Order (advising on regulated home reversion plans); or

(c) article 64 of that Order (agreeing), so far as relevant to either of the articles mentioned in sub-paragraphs (a) and (b),

unless he carries on the business of engaging in that activity.

Arranging and advising on regulated home purchase plans

3C. A person is not to be regarded as carrying on by way of business an activity specified by -

(a) article 25C of the Regulated Activities Order (arranging regulated home purchase plans);

(b) article 53C of that Order (advising on regulated home purchase plans); or

(c) article 64 of that Order (agreeing), so far as relevant to either of the articles mentioned in sub-paragraphs (a) and (b),